Me and my partner are purchasing a property in Marsden. I might seem paranoid but how we can trust a solicitor? At some point we have to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Aldermore have agreed my mortgage in principle, my offer on a house in Marsden has been accepted, what are the next steps?
Your property agent will want to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Call up Aldermore or your broker and finish off any outstanding forms. Aldermore will appoint a valuer who will get in touch with the selling agent or vendor to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. Aldermore will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Marsden.
At last I have had an offer on a maisonette in Marsden accepted, but there is a chain. The sellers have put an offer on a flat, but it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Marsden. What should be my next step? When should I get the mortgage application with Bank of Ireland started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Marsden conveyancing search fees, etc). The first thing to do is check that your conveyancer is on the Bank of Ireland conveyancing panel. Regarding the subsequent stages this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. During a hot market some buyers will apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they pay their solicitor to press on with searches.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial property in Marsden?
Its becoming the norm that commercial conveyancing solicitors in Marsden will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Marsden. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Marsden.
For each commercial conveyancing transaction in Marsden it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Marsden commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Marsden.
4 months have elapsed since my purchase conveyancing in Marsden concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Marsden. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Marsden
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Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Marsden is the location of the property. What do you suggest?
Flying freeholds in Marsden are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Marsden you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marsden may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am thinking of appointing a conveyancing practitioner in Marsden for my home move. Is it possible to see a firm’s complaints history with the profession’s regulator?
You may search for presented Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.